The Investment Detective free essay sample

This case presents the cash flows of eight unidentified investments, all of equal initial investment size. The student’s task is to rank the projects. The first objective of the case is to examine critically the principal capital-budgeting criteria. A second objective is to consider the problem that arises when net present value (NPV) and internal rate of return (IRR) disagree as to the ranking of two mutually exclusive projects. Finally, the case is a vehicle for introducing the problem created by attempting to rank projects of unequal life and the solution to that difficulty criterion. Please answer following questions 1. What analytical criteria can we use to rank the projects? How do you define each criterion? Please evaluate each project using all investment criteria we learned during the class. 2. Which of the two projects, 7 or 8, is more attractive? How sensitive is our ranking to the use of high discount rates? Why do NPV and IRR disagree? 3. We will write a custom essay sample on The Investment Detective or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page What rank should we assign to each project? Why do payback and NPV not agree completely? Which criterion is best? 4. Are those projects comparable on the basis of NPV? Because the projects have different lives, are we really measuring the â€Å"net present† value of the short-lived projects? (Question 4 Hint) Comparisons based on standard NPV ignore the inequality of project lives such as those in the case. Simply put, short-lived projects could be replicated within the life of the longest project (for example, project 6 could be replicated 15 times within the life of project 3), producing very different time profiles of cash flows for the projects. One solution to this problem is the so-called replacement-chain approach, in which shortlived projects are replicated out to a horizon common with the long-lived projects; the NPV on the entire chain is then calculated and compared with the NPV of the other chain. This approach can be cumbersome, however, in problems with many alternative investments.

A Narrative Account Of A Multilingual Informant The WritePass Journal

A Narrative Account Of A Multilingual Informant Introduction A Narrative Account Of A Multilingual Informant ). Despite the differing opinions given by many multilingual individuals, multilingualism should be promoted in order to enhance effective communication in the international community as the participant clearly depicted the various relevancies of her learning several languages. It has been clear that her ability to communicate in different languages has enabled her to overcome various social difficulties she faced during her past and present. This will help in reducing the problem of the language barrier in foreign countries. References Anthias, F., 2001. The concept of Social Division and Theorising Social Stratification: Looking at Ethnicity and Class, Sociology, 35(4), 835-854. Dewaele, J. 2012. Multilingualism, empathy, and multicompetence. International Journal of Multilingualism: 1–15. Housen, A., Kuiken, F., 2009. Complexity, Accuracy, and Fluency in Second Language Acquisition, Applied Linguistics, 30 (4), 461-473. Louise, P. P., 2010. A sociolinguistic study of language use and identity amongst Galician young adults, University of Birmingham, M.Phil. Thesis. Montaruli, E., Bourhis, R. Y. Azurmendi, M. J., 2011. Identity, language, and ethnic relations in the Bilingual Autonomous Communities of Spain. Journal of Sociolinguistics, 15, 94–121. Thorne, S. L., Black, R. W. Sykes, J. M., 2009.   Second Language Use, Socialization, and Learning in Internet Interest Communities and Online Gaming. The Modern Language Journal, 93, 802–821. Wolff, Ekkehard 2000. Language and Society. In: Bernd Heine and Derek Nurse (Eds.) African Languages An Introduction, 317. Cambridge. Cambridge University Press.

What is freedom and what does it mean to you Essay

What is freedom and what does it mean to you - Essay Example If the government oversteps its bounds, as outlined in the Constitution, the people can and loyal patriots would dismantle the government then build another that adhered to the peoples will. Freedom is a concept that requires a continual effort to preserve whether fighting on the battlefield, speaking at city council meetings or by simply voting. The meaning of freedom is broad but my personal viewpoint narrow and defined. Simply put, an American has unrestricted personal freedoms. Of course the ‘your rights stop at my nose’ clichà © applies as does the ‘no harm no foul’ rule. My conception of freedom was drawn from those who offered their definition in the Constitution and Declaration of Independence. The government, by law, should be allowed only to enact legislation that follows the ‘no harm’ rule. Those who cause harm to others should be justly punished but those who are excising personal freedom, their constitutionally guaranteed right, should be allowed to pursue happiness in whatever manner they choose. Overwhelmingly, lawmakers and the public have approved the substitution of money for freedom as quickly as they have sacrificed liberty for security in the ‘war on terror.’ Subjects such as euthanasia and abortion are but two of the more high profile issues surrounding personal freedoms. Seatbelt and helmet laws, prostitution, bigamy, and gambling are other examples of ‘no harm’ laws. The justification for seatbelt/helmet laws is that fewer and less severe injuries are sustained as a result of the law which, when properly enforced, ultimately lowers the cost of health care for everyone. Prostitution laws are ridiculous. What else can yo u give away but can’t legally sell? Gambling is illegal and immoral unless the state does it and calls it lottery. Other activities popularly trumpeted under the personal freedom umbrella such as smoking in public, carrying concealed firearms or

See attachment Movie Review Example | Topics and Well Written Essays - 500 words

See attachment - Movie Review Example We are led slowly into the past. For an American audience, this is especially useful, as Sophie’s story is a trans-Atlantic one that takes place in both Europe and America. This deeply personal focus is another way in which this film differs from other miniseries. Part of the success of this focus comes from Meryl Streep’s performance. The film is virtually unimaginable without her presence. She manages to bring to life the central heroine. This deeply personal story of a woman and her choice sets this film apart from other miniseries. One of the most striking aspects of the cinematography focusing on the Holocaust is that it is in black and white. The colour is sapped from this world. Sophie, whose lips are usually red, has virtually no colour in her face in these scenes. She is living in a nightmare of death and despair, from which there is no real exit. The filmmakers are very careful to create this sense of claustrophobia, and it is very effective. Rather than show huge acts of violence, the filmmakers are content to let much of this happen off screen. The filmmakers also film a lot of scenes indoors, with Stingo, Nathan, and Sophie all very close together. This indicates how trapped each of them is in the worlds they have created for themselves. It is a curious and effective trick. Each of the choices that the characters make—when to act and how to act—have limited their lives in some way. The filmmakers communicate this by filming scenes indoors and in small rooms. There is also a theatrical element to the acting—especially Kevin Kline’s performance as Nathan. It is almost as if he is always on stage. This is an interesting choice in direction as it suggests that Nathan is a man who has dramatized himself. Perhaps he only wants to be with Sophie because of the sense of drama that she offers to him. Like

Community Health Nursing Assignment Example | Topics and Well Written Essays - 250 words - 1

Community Health Nursing - Assignment Example The average casualty rate of Ebola is 50% and therefore, samples are not to be extracted from patients. (WHO, 2014) Diagnosis is conducted through various tests; virus extraction by cell structure, serum neutralization test and electron microscopy are examples of diagnostic tests. There is no treatment available for Ebola. However rehydration with intravenous or oral fluids is administered to patients to increase their survival chances. Prevention measures include: fast response to Ebola incidences and isolation of affected victims, proper burial of victims and community engagement towards controlling the disease. There are no proven vaccines for Ebola, though two vaccines are undergoing human testing currently.(WHO, 2014) In case of an outbreak, nurses can educate the affected communities about the disease as ignorance can have dire consequences. Nurses can provide both the facts and myths associated with Ebola and advice them on the best prevention measures. The main ethical issue that Ebola patients face is that they are isolated and kept away from their loved ones for as long as they live. 3. York, G. (Oct. 09, 2014). Fear and Education play crucial role in Ebola crisis. Retrieved from

Occupational Gender Segregation In British Labour Market Sociology Essay

Occupational Gender Segregation In British Labour Market Sociology Essay The essay will concentrate on the phenomenon of an occupational gender segregation that women continue to suffer in the labour market in Britain. Firstly this essay will look at some statistics surrounding women in the employment. Secondly, the paper will consider theories that try to explain the occupational segregation by sex. The essay will examined the neo-classical economic theories of human capital and rational choice. Moreover, the paper will evaluate if these theories stands up as an argument to reason the occupational gender segregation. Then the concept of patriarchy which is at the centre of feminist theory will be presented and appraised in connection with understanding the cause of occupational sex segregation. The last theory to be assessed in relation to disadvantage experienced by women in the labour market will be the idea of preference theory based on Catherine Hakims study. Despite over forty years since first Equal Opportunities legislation has been introduced, labour market in the United Kingdom is marked by the sexual segregation in occupations that women so often experience. Labour Market Statistics( 2010) highlights that 42.8% of female employees work in part-time jobs to compare with 11.9% of their male counterparts and 74.4% of all employees in part-time jobs are women; thus part-time jobs tend to be seen as womens work. This generates financial consequences for women. Recent survey by Annual Survey of Hours and Earnings (2009, p.5) illustrates that the full time gender pay gap is at 16.4% and the part time gender pay gap is at 13.2%. The Equal Opportunities Commission (2006) estimated that the gender pay gap would lose a woman working on full-time basis a cumulative amount of  £330,000, or  £210,000 after taxes over her life. Labour Force Survey (2006, p.5) also points out that women predominantly work in service occupations whereby men most ly work in management occupations and in professions that require high level of knowledge and skills. The neo-classical economic theories of human capital and rational choice represent a prominent proposition that attempts to clarify the reasons behind occupational sex segmentation. (Blackburn et al., 2002, p.515) The rational theory suggests that employees and employers behave sensibly in the labour market. Thus, people decide to invest in their qualifications and gain work experience in order to obtain the highest level of income possible after assessing the level and quality of their human capital and existing constrains to enter particular occupation (Anker, 1997, p.317). Furthermore, employers look for the highest return possible by increasing productivity and reducing costs. However, the rationality of employers actions may cause unequal treatment of women in employment sphere (Kirton and Greene, 2005, p.55). According to human capital theory, women entering labour market offer lower level of knowledge and skills, and less suitable qualifications that employers are looking for compare to men partly due to inequality women experience within education system (Haggerty and Johnson, 1995 p.212 and 216) and partly because women are predominant child carers and are solely responsible for home activities (Anker, 1997, p.317). Moreover, women obtain lower level of work experience than their male counterparts due to temporary or permanent exit from the labour market to look after their youngsters and households (Kirton and Greene, 2005, p.55). Neo-classical theories indicate that house duties make women often to opt for a part-time work, a full-time job that does not require much effort and energy (Blackburn et al., 2002, p.517). Therefore, female workers are often regarded by employers as less committed and less professional (Epstein et al., 1999 in Hardill and Watson, 2000, pp.21-22). In accordance with Polacheks theory, women usually select occupations that do not carry severe penalties for short-term breaks that women take to care for their children and homes (England, 1982, p.363). Furthermore, the employers often link female employees with higher indirect costs, which the most known is maternity leave. It is said that women are more likely to be late or absent at work than men, possibly due to home responsibilities (Kirton and Greene, 2005, p.57). The women are often associated with high level of turnover as they often quit their jobs after childbirth or in some cases after getting married (Anker, 1997, p.317).Thus, according to Becker (1971 in Anker, 1997, p.320), employers are rational when they abstain to employ women in order to avoid higher indirect costs. Despite of neo-classical theories contribution to explaining occupational sex segregation, there are some issues when these theories are the only one considered. Evidences have indicated that womens participation in employment has risen in Britain since 70s (Kirton and Greene, 2005, p.60). Labour market statistics (November 2010, p.3) indicates that recent women employment rate stands at 65.7% compare with just 56 % in 1971(Office for National Statistics 2009).An introduction of house appliances such as washing machines, cookers and microwaves has decreased significantly the time required to perform certain house activities in recent decades (Bowden and Offer, 1994, p.728). Moreover, recently more women are force to work to sustain themselves and their children due to a higher proportion of single parent households (Buvini, 1995 in Kirton and Greene, 2005, p.60). Census (2001) statistics have indicated that 90.5 %of households in England and Wales are headed by single women. These ch anges indicate that women have increased their work experience and in this way they have enhanced their human capital (Kirton and Greene, 2005, p.60). Considering the human capital theory these changes should enable women to enter occupations. However, women still face barriers to enter those occupations (Anker, 1997, p.320), and the reason for that is not explained by the economic theories. In accordance with economic theories, lower level of income achieved by women is fair as their level of human capital is much lower than that of the male workers. However, pay inequality between men and women is much higher than would be anticipated based on human capital reasoning (Treiman and Hartmann, 1981; World Bank, 1994 in Blackburn et al., 2002, p.517). Furthermore, womens pay inequality is not only bounded to women with children. There are many professions which also badly reward single women. Although rational choice theory explains that there is a belief that all women will have children, recent researches have highlighted that more and more women are fully dedicated to their careers and decide to have no children on their own (Browne 2000; Franks 1999 in Blackburn et al., 2002, p.519). When looking at indirect costs, they are perceived to be higher for female employees than their male counterparts; however, the evidence has shown that the rate of absenteeism and turnover is very similar for both genders (Anker, 1997, p.319). The argument of human capital theory that women traditionally choose professions that are not costly when suspended for a short-time (Watts and Rich, 1993, p.60) is disapproved by England (1982). The evidence England has put forward indicates that professions with a high rate of women do not necessary carry lower penalties for short-term breaks from work than professions with lower rate of women (England, 1982, p.365). The neo-classical theories arguments applied alone offers just limited explanation for occupational sex segregation. Kirton and Greene (2005, p.62) have put forward questions that the economic theories do not explain; why do certain social groups on average come to the labour market with lower levels of education and in what are seen as less relevant subjects? Why is housework and childcare and elder care almost always the sole responsibility of women? The gender theory concept of patriarchy should fill the gaps that exist in economic theories discussed earlier. According to Hartmann (1976, p.152-3), occupational gender segregation is a result of the phenomenon of patriarchy. This concept is concerned with a social situation where women are in subordinate position and are dominated, exploited, and undermined by powerful men (Bender L., 1988, pp.5-6); thus it seems to be intended as an explanation of vertical segregation (Blackburn et al., 2002, p.521). Women around the world are generally perceived to be housewives, and men to be main breadwinners in households. This might explain why women are solely accountable for most of the house activities and childcare (Anker, 1997, p. 324). Due to patriarchal system, women joining labour market are affected by their free house work; their incomes are perceived as extra money added to a primary incomes of their husbands. This in turn stimulates the gender pay gap that exists in the United Ki ngdom (Kirton and Greene, 2005, p.64). The fact that women occupy subordinate positions and perform house duties solely might explain why women enter the labour market with lower levels of education and are more likely to obtain qualifications that are less relevant to the labour market as it is believed that women have a lower desire for qualifications that are appropriate to labour market (Anker, 1997, p.324). Although the patriarchy theory is indented to comprehend the concept of occupational sex segregation, many scholars have highlighted some limitations when considered separately. Walbys claim that men have usually been successful in excluding women from the better work (1986,p.248) is disputed by evidences seen in the British society where many women work in better professions, and have better working and living conditions than many of their male counterparts (Blackburn et al.2002, p.521) The patriarchy theory reasoning is also looking bad when we take into consideration recent developments in the labour market, where shrinking of the male trades (such as mining, steel and docking) and the expansion of the service sector has favoured women more than men. The evidences have shown that in some parts of UK women account for most then 50% of the entire workforce (Browne, 2000 in Blackburn et al., 2002, p.521). The preference theory is a connection between gender theory of patriarchy and Goldbergs (1973, 1979, and 1993) biological theories. Hakim (1996 in Crompton and Harris, 998b, p.144) argues that men are more ruthless and ambitious than women due to higher testosterone levels in their organism. She presents the evidence which indicates that male labour market dominance is strongly supported by both genders. Furthermore, Hakim believes that women are not the same and they differ in relation to their family and work commitments (Blackburn et al., 2002, p.523).Their choices between job and home are not limited by any significant restrictions (Hakim in McRae, 2003, p.318) but are based purely on their preferences. Hakim (2002, p.434) assigns women to three groups. The first group involves the work-centred females who are highly committed to their jobs. The second group are the home-centred women. Women belonging to this group are devoted to their families and prefer to stay at home (Blackbu rn, 2001, p.523). The third group includes the adaptive women who juggle job and home or women who have no idea where their careers are going (McRae, 2003, p. 318). Hakim (1996, p.211) suggests that male solidarity wins because women dither, because they are swayed by the dominant male voice and also because women are divided in their preferences and interests. Thus, the interplay between womens differences, an argument of patriarchy theory of male domination and womens diverse priorities explains the womens employment position in Britain (Crompton and Harris, 1998b, p.144). Hakim (2002, p.435-7) suggests that only small proportion of women are fully concentrated on their careers or families. Large majority of females integrate family and work without fully committing to either (Hakim, 2002, p.434). This view is supported by evidences that have shown that only 10% of first-time mothers remain in full-time work where 90% of mothers mix periods of full-time and part-time work or leave the labour market permanently (McRae, 2003, p.322-3) However, preference theory also has some deficiencies. Blackburn et al. (2002, p.525) disagree with an argument that womens choices are not limited by any constraints. They point out that concerns such as possible income and childcare costs have a great impact on women choices that might be far from their preferred choice. McRae (2003, p.333) suggests that the evidences introduced in her paper shows that women are not as diverse as suggested by Hakim in their choices in regards to their work and family lifestyle but they are different in their capacities to act on those preferences. These evidences are clashing with an assumption of preference theory about female heterogeneity. This concluding part of the essay offer some general conclusions about the applicability of the theories analysed in this paper for the reason behind the occupational gender segregation in Britain presented by statistical data. Discussed in the paper theories of neo-classical, patriarchy and preference have been very useful to understanding why women experience disadvantage in the labour market. They have offered different and sometimes contrasting arguments. Thus, the main argument of human capital theory is that women are disadvantaged due to their lower level of education and work experience which is a product of inequality in a schooling system and sole responsibilities for home and children. Contrary to human capital theory, preference theory has argued that women choose to be committed or uncommitted to their work careers and there are no major constrains to prohibit women from joining the labour market. On the other hand the concept of patriarchy has highlighted that male domi nation over women in societies is the main reason behind occupational gender segregation. Despite their great value to comprehend the cause of occupational segregation by sex, all of these theories are flawed to same degree and neither should be considered separately. To fully understand the reason for women disadvantage in the employment relationship, there is a need to bring neo-classical, patriarchy and preference theories together.

Cognitive Development Study Essay -- Piaget’s Theory of Development

Introduction The purpose of this study is to analyse, in a practical way, the theories and concepts of cognitive development, across different age-related stages. Using Piaget’s theory of development, the cognitive ability of two subjects, aged 4 and 18 years, are examined against the milestones of the respective preoperational and formal operational development stages. Cognitive ability is determined by focusing on the subject’s capability and rationale to group 20 different objects. Based on the research outcomes, comparisons will be made to Piaget’s theory and the expected learning ability at their age-related development stage. Jean Piaget was considered a pioneer in cognitive research. Piaget developed his theory of cognitive development based on the sequence of changes that occur to the cognition of a person as they mature. Piaget believed that older children not only know quantitatively more than younger ones, but actually think in qualitatively different ways. Children and adults are thought to possess an inbuilt ability to experiences organise their knowledge and into schemes (Lambert, 2007). Jean Piaget defined schemes as both internalised behavioural patterns and mental understanding (Piaget, 1963, as cited in Berk, 2009). People are thought to actively seek knowledge and information from the surrounding environment and absorb or process this information using schemes. New knowledge is built on existing knowledge and as a person becomes older these schemes become increasingly more complex. This knowledge adds to a person’s intelligence providing them with an adaptation to succeed or survive in the world (Piaget, 1963, as cited in Berk, 2009). Through this reasoning, Piaget determined that learning occurred across ... ...nstra, G., Koelen, M., Kok, F., and Graaf, C. (2007) Cognitive development and children's perceptions of fruit and vegetables; a qualitative study. International Journal of Behavioural Nutrition and Physical Activity. 2007;4: 30. Published online 2007 July 9. doi: 10.1186/1479-5868-4-30 BioMed Central. Web. 12 May 2015. http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1941844/ Schaffer HR. Introducing child psychology. UK Edition. Oxford , Blackwell Publishers; 2003. p.352. Berk, L E (2009). Child Development. Pearson International Edition. 8th Edition. Boston, MA: Allyn & Bacon. Lambert, B. (2007). Cognitive Schemes and Scripts: Research Evidence from Children’s Drawings. NZ Research in Early Childhood Education Journal, Vol. 10, pp. 69 – 80. Cunningham, D. (1996). Jean Piaget’s Genetic Epistemology. Web. 12 May 2015. http://home.gwu.edu/~mcorry/corry2.htm